FPPC Counts the Big Campaign Spenders

(CN) – “Independent expenditure committees” set up to campaign for or against nine propositions on California’s November ballot have raked in more than $84 million in contributions of $100,000 or more, the state’s Fair Political Practices Commission reported.

     The FPPC reported that no fewer than 40 committees have raised $50,000 or more apiece for proposition campaigns.
     Proposition 24 accounted for the largest contributions: more than $22 million.
     The California Teachers Association Issues PAC donated $6.5 million to support Prop. 24, which would repeal tax breaks for businesses.
     Proposition 23 also raised more than $22 million, more than $7 million of it from oil interest groups; Prop. 23 would suspend California’s global warming law.
     Thomas Steyer, founder of Farallon Capital Management, contributed $5 million against the proposition, and 10 committees were created to oppose the measure.
     U.S. Rep. Judy Chu contributed $825,000 to support Prop. 27, which would give state legislators the right to redraw congressional boundary lines.
     Only $1.6 million has been raised for Prop. 19, which would legalize recreational marijuana use.
     More than $6 million has been contributed in support of Prop. 21, none of them of $100,000 or more. Prop. 21 would create an $18 surcharge for vehicle license fees to fund state parks.
     The report covers contributors that provided at least $100,000 to the committees from Jan. 1, 2009 to Sept. 30 this year.

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